Parliamentary Finance reveal activation of customs tariffs starting from next Friday

[yota691]

Parliamentary Finance reveal activation of customs tariffs starting from next Friday

Vmnaqsat economy

 Since 12.30.2015 at 11:29 (GMT Baghdad)

Special - scales News

Detection of the parliamentary finance committee member Husam punitive, Wednesday, for the activation of customs tariffs as of 1/1 in all provinces and border crossings in the Kurdistan region, while the government called for a non-recourse to the salaries of its staff during the passage of the country's financial crisis.

He's punitive / scales News / "touched on the government not to private employees' salaries as much as possible under the circumstances plaguing the country."

He revealed, "activating the customs tariff as of 1/1 in all provinces and border crossings in the Kurdistan region," calling on the government to "obtain the non-oil revenues in addition to the necessity of obtaining the all court fines and benefits obtained from mobile phone networks and the Internet."

He called for "hold negligent and corrupt, leading to the advancement of the financial reality of Iraq," stressing the need to "stay away from touching the employees' salaries and not be manipulated." Ended 29/4 e

[jg1]

GREAT

[sandfly]

OK YOTA WHAT'S 1/1 MEANS IN IRAQ

[yota691]

[gregp]

Nice.

[WheresmyRV?]

Great news!!

[tigergorzow]

Yota Thanks, GM DV, Let's hope they give purchasing power to the people on 1 JAN 2016.

Keeping the faith!!

GO RV!!

[newbieDA]

ty Yota!

[TLHUBER]

Here's to wishing 2016 is our year !!!!

[Shelley]

1/1 is a Friday ... Would Iraq do something on a Friday ??

[SynTurf]

Implementing the tariff law is part of the 2016 Budget; "The amended Customs Tariff Law No. 22 for 2010 shall be activated, in addition to Consumer Protection Act No.1 for 2010 and Iraqi Products Protection Act No.11 for 2010 to be implemented on all Iraqi border points to accomplish justice." There is also a 5% sales tax on imported cars, and 100% sales tax on tobacco, cigars and alcohol. 

[DinarDavo]

1/1 is a Friday ... Would Iraq do something on a Friday ??

 

Good question.....that being their "holy day".

[chinadawg]

I see no reason that date could not be set as activation.......just not much business will be done on a friday.

[TexasMike1958]

Good question.....that being their "holy day".

 

 

maybe they think when its comes to money, every day is "holy".

[Big_J]

GM YOTA AND DV.

[millionaire in training]

Man if this is true........this would be great news.  This is one of the things that we are looking for for as an indicator that the RV is following right behind it.  

 

let it be.......let it be  

[SocalDinar]

This is great economic news for Iraq  This can only help their GDP. Also gives the GOI a profitable reason to control their borders.

Those involved in their black markets are going to make some serious coin.

 

Thanks Yota.

[justchecking123]

...as long as they don't kick the can...good news for Iraq's economy.

[Zcountess]

ok, so after these tarriffs are applied and there is no change in value..This chapter can be closed !!!!!

high inflation will result and thus bankrupt iraq......We do see other countries with junk currencies with tarriffs look at vietnam !im sure theres more...

Time will tell they cannot hide the truth no longer that one good thing.....GETTING IT OVER WITH ..BE IT FOR THE GOOD OR THE WORST..they sink or they swim...we put those  iraq dinars away ..or bring them out to play either way its one way or the other.

[millionaire in training]

Zcountess,     I think that too many outsiders (IMF, WB, etc...) are involved in this process for nothing to happen. They haven't come this far to just let things stay as they are. The world is watching and waiting not just us.

[skrappyone]

1/1.......they like numbers........maybe 1/1 is the date but it could also mean 1 IQD = 1USD ...... wishful thinking?  lol

[eburt]

Thanks Yota - Hmm in order to apply the custom Tariff taxes don't they have to have international currency? 

[climber7]

Thanks Yota - Hmm in order to apply the custom Tariff taxes don't they have to have international currency? 

 

 

And if they DO have an international currency--that means the rate HAS to be changed.   Am I correct?  Or can they keep it the same rate and still have an international currency? 

[chris2028]

Yota Thanks, GM DV, Let's hope they give purchasing power to the people on 1 JAN 2016.

Keeping the faith!!

GO RV!!

This is what you have been stating needs to happen for many weeks Tiger!! This is some good news!

And if they DO have an international currency--that means the rate HAS to be changed.   Am I correct?  Or can they keep it the same rate and still have an international currency? 

Two very good questions!!

[Zcountess]

I agree. IVE BEEN IN THIS INVESTMENT FOR OVER 11 YEARS ....BUT I ALWAYS CONSIDER THE WORST OUTCOME...!